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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
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Helius announced a $500 million grant for the Solana treasury.
Helius Medical Technologies, a Nasdaq-listed company, has just announced plans to establish a treasury reserve fund worth 500 million USD centered around Solana (SOL), marking one of the largest initiatives focused on Solana. The company has completed a private placement of common stock at a price of 6.88 USD per share, with a purchase option at 10.12 USD over 3 years, raising a total of 500 million USD in equity and up to 750 million USD in warrants.
Helius stated that it will use this capital to implement a cryptocurrency reserve strategy, using SOL as the primary asset, while expanding its holdings in the next 12–24 months through capital market channels. The company will also take advantage of staking and lending opportunities to generate additional revenue while maintaining prudent risk management.
The fundraising round was led by Pantera Capital and Summer Capital, with the participation of many large funds, affirming the belief that Solana will be the new financial platform.